Amazon has confirmed another round of layoffs in 2025, eliminating approximately 100 positions from its devices and services division in May. This latest workforce reduction affects teams responsible for some of Amazon’s most recognizable consumer products, including Alexa voice assistant, Echo smart speakers, Ring video doorbells, and the autonomous vehicle subsidiary Zoox. The cuts represent…
Category: Tech
Shopify Stock Declines: Light Guidance Amid Tariff Uncertainty Concerns
Shopify Inc. has experienced a mixed performance in 2025, with the e-commerce platform facing mounting pressure from evolving trade policies and conservative forward guidance that has left investors questioning the company’s near-term prospects. Despite posting impressive gains of over 72% in the past year and climbing 85% over the past 52 weeks, recent developments have…
Amazon Pharmacy Expansion: Pet Prescriptions Added to Online Services
Amazon has significantly expanded its healthcare footprint by launching prescription pet medications through its online platform, marking a pivotal moment in the pet care industry. In May 2025, the e-commerce giant announced a strategic partnership with Vetsource, a leading pet pharmacy, to offer hundreds of FDA-approved prescription medications for dogs and cats across the United…
Uber Acquires Turkish Food Delivery: $700 Million Deal for 85% Stake
Uber Technologies has made a significant strategic move in the global food delivery by acquiring an 85% controlling stake in Trendyol Go, Turkey’s prominent food and grocery delivery platform, for $700 million in cash. This landmark acquisition marks Uber’s first direct entry into Turkey’s rapidly expanding food delivery market, positioning the company to capitalize on…
Temu Shipping Changes: Direct China Imports Halted as Tariff Loophole Closes
The era of ultra-cheap goods shipped directly from China to American doorsteps has come to an abrupt end. Temu, the Chinese e-commerce platform that revolutionized online shopping with rock-bottom prices, officially ceased direct shipments from China to US customers in May 2025. This dramatic shift represents one of the most significant changes in cross-border e-commerce…
Amazon Q1 2025 Guidance: Light Outlook Cites Tariffs and Trade Policy Impact
Amazon delivered impressive first-quarter 2025 results that exceeded Wall Street expectations, yet the e-commerce giant’s cautious forward guidance sent through the investment community. The Seattle-based company reported revenue of $155.7 billion, surpassing analyst estimates of $155.29 billion, while earnings per share reached $1.59 against forecasted $1.37. Net income surged an impressive 64% to $17.1 billion,…
Jeff Bezos Stock Sale: Plans to Sell $4.8 Billion in Amazon Shares
Amazon founder and executive chairman Jeff Bezos has announced plans to sell up to 25 million shares of Amazon stock worth approximately $4.8 billion over a period ending May 29, 2026. This significant divestment comes as part of a pre-arranged trading plan established in March 2025, following his record-breaking $13.5 billion stock sale in 2024.…
Trump and Bezos Hold High-Stakes Call Ahead of Amazon Earnings Report
The relationship between former adversaries Donald Trump and Jeff Bezos took center stage in late April 2025, as mounting tensions over tariff policies threatened to overshadow Amazon’s highly anticipated first-quarter earnings report. What began as a contentious dispute over the e-commerce giant’s alleged plans to display tariff costs on product listings quickly transformed into a…
Amazon Invests $4 Billion to Expand Small Town Delivery Network
Amazon has announced a groundbreaking $4 billion investment to revolutionize delivery services in rural America, marking one of the most significant expansions of e-commerce infrastructure in small towns and rural communities across the United States. This ambitious initiative will triple the size of Amazon’s rural delivery network by 2026, bringing same-day and next-day delivery services…
Amazon Launches First Kuiper Internet Satellites to Compete with Starlink
Amazon has officially entered the satellite internet arena with the successful launch of its first 27 Project Kuiper satellites on April 28, 2025, marking a pivotal moment in the company’s ambitious $10 billion venture to challenge SpaceX’s Starlink dominance. The satellites were deployed aboard a United Launch Alliance Atlas V rocket from Cape Canaveral Space…